Rugged individualism is deeply rooted in the United States. Americans generally do not like being told what to do or how to think, and based on the results of the 2017 Health of Cash Study, they will push back against any challenge to their freedom of choice when they pay.
It’s happened to all of us. You go into a store and go to pay with your credit card, but just as you reach into your pocket, you notice the “Cash Only” sign by the register. While it may irk you at the time—especially if you don’t have cash on hand—there’s several good reasons behind these not-so-subtle requests from store owners. Credit card transaction fees, and tight profit margins.
Take control of your money and improve your life.
Join our Withdraw Cash Wednesday campaign and receive timely reminders and tips to take control of your money by using cash.